Business

The spot price of iron ore dropped 4.1 per cent to $US81.57 a tonne at its Monday fix, according to Metal Bulletin.

Spot iron ore extends rout

Iron ore fell, extending its retreat from its February peak to 14 per cent, as Chinese steel inventories edge ever higher.

Delays in South 32 acquiring Peabody's Metropolitan mine has added to its cash surplus.

Surging cash bank prompts big South 32 buy-back

Delays in prospective acquisitions amid continued high commodity prices has prompted South 32, the BHP Billiton spin-out of orphan assets, to buy back close to 5 per cent of its shares for $US500 million

Benchmark spot ore with 62 per cent content in Qingdao fell 1.5 per cent to $US85.06 a tonne on Friday, taking the ...

Iron ore loses 7.9pc on week

Spot prices for the steel-making raw material retreated in an "overdue correction", but fundamentals remain strong.

Ore with 62 per cent content in Qingdao fell 3 per cent to $US84.99 a tonne on Wednesday, according to Metal Bulletin. ...

Iron ore takes a battering

After multiple rounds of warnings that this year's rally may be overdone, the steel-making raw material is in retreat.

Hebei is home to 104 mills that account for nearly a quarter of China's total steel output. The province has pledged to ...

Hebei Steel revamp approved

Hebei Steel Group has won approval for a $8 billion project that will reduce its steel capacity by nearly 2 million tonnes.

The most-active rebar on the Shanghai Futures Exchange closed down 0.1 per cent at 3,625 yuan ($US526) a tonne, after ...

China iron ore extends rally

Iron ore advanced 2.3 per cent on the Dalian Commodity Exchange as Shanghai steel rebar futures ended near a three-year high.

It was the third failed attempt to restart dialogue during the strike, which has pushed global copper prices higher due ...

Escondida union rejects BHP

The union on strike at BHP Billiton's Escondida copper mine rejected an invitation by the company to return to negotiations.

Management at BHP Billiton-run Escondida in Chile have rejected union demands for a 7 per cent pay rise and 25 million ...

Union at Escondida mine rejects offer to resume talks

The striking union at BHP Billiton's Escondida copper mine in Chile, the world's largest, said on Saturday it will not accept the company's offer to return to the negotiating table, and called on BHP to clarify its negotiating positions.

Iron ore on the Dalian Commodity Exchange dropped 1.1 per cent to end at 658 yuan per tonne, having fallen to a ...

Iron ore extends slide

​Iron ore and steel futures in China fell to one-month lows. Spot iron ore slid below $U87 a tonne.